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* - Tentative Dates
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Purchase the property in Hyderabad for commercial purpose | 20.00 |
| 2 | For Takeover of the Company for expansion of business | 10.00 |
| 3 | Working Capitalre quirements | 6.20 |
| 4 | General Corporate Purposes | 12.00 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|
| Total Income | 7.48 | 6.16 |
| Profit After Tax | 2.02 | 1.45 |
| Amount in ₹ Crore | ||
Galaxy Agrico Exports Limited is a publicly listed Indian company, established in 1994, that specializes in the manufacture of agricultural, gardening, and industrial hand tools marketed under the “GALAXY” brand. The company’s manufacturing operations are based in Veraval, Gujarat.
Utilizing modern forging technology, Galaxy Agrico produces a wide range of implements such as hoes, spades, shovels, pickaxes, mattocks, and cultivator blades. Its products have a strong international presence and are exported to more than 39 countries, including markets in Europe and the United States.
In addition to tool manufacturing, the company is involved in the trading of forged rings and bearings. After significantly expanding its production capacity during the mid-1990s, Galaxy Agrico has continued to supply high-quality products to both the agricultural and industrial sectors across global markets.
